1 Frances Street Tweed Heads NSW 2485

Towers Francis Property is proud to offer to the market for the first time in over 25 years 1 Frances Street, Tweed Heads NSW.

The subject property sits on a 607 sqm prime corner of Frances Street and Beryl Street, adjacent to St Josephs's Catholic Primary School and next to the Tweed Central office building in the heart of the Tweed Heads CBD.

This offering presents a unique opportunity for the astute investor or developer to capitalise in this tightly-held precinct and benefit from the proposed higher-density zoning while, in the midterm, benefiting from the income derived from the successful tenant currently trading as a swim school.

INVESTMENT FEATURES:

- $38,837 net return per annum
- lease expires May 2024 + 5 year option

PROPERTY FEATURES:

- 607 sqm corner site.
- 267 sqm warehouse.
- Zoned E2 Commercial Centre.
- Floor Space Ratio 4:5.
- Maximum building height 49.5 meters.
- 150m to Tweed Mall Shopping Centre.

PRICE: UNDER CONTRACT

For further information or to book an inspection, please don't hesitate to call the exclusive selling agents at Towers Francis Property.